What is Crypto?

Unsure if crypto is for you? ๐Ÿค” Letโ€™s learn the basics!

Cryptocurrencies are a digital form of money protected by encryption ๐Ÿ’ป

Crypto is decentralized ๐Ÿ‘ฉโ€๐Ÿ’ป, meaning no one officially controls it!

Not even the government ๐Ÿ‘ฎ๐Ÿปโ€โ™‚๏ธor an individual bank

You probably canโ€™t buy a donut at your local bakery with crypto โŒ๐Ÿฉ

Thatโ€™s because crypto is mostly for investing in, just like a stock! ๐Ÿ“ˆ

Cryptocurrencies like โ€œBitcoinโ€ went viral for reaching insane prices ๐Ÿค‘

Crypto prices move up and down a lot!

So, you could lose or gain a lot of money.

Since you canโ€™t predict the next price jump, crypto can be treated as a way to diversify your portfolio in the long term ๐Ÿง 

There are 5 super popular cryptos: Bitcoin, Ethereum, Avalanche, Solana and Bitcoin Cash ๐Ÿ‘€

All of these are offered on Bloom ๐Ÿ˜Š

Next, weโ€™ll learn more about the tech that powers crypto and each crypto token ๐Ÿ˜

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